Two citrus IPO's ?

ranaweera82 · 1 Two citrus IPO's ? Mon Nov 21, 2011 10:06 pm

ranaweera82

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Hope this will be a good long term investment.

We have two options 12.50 & 17.50.(Waskaduwa or kalpitiya )Which one will be better ?

your comment Pls ?

rijayasooriya · 2 Re: Two citrus IPO's ? Mon Nov 21, 2011 10:09 pm

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Wait till prospectus appear

ranaweera82 · 3 citrus prospects are now available. Mon Nov 21, 2011 10:18 pm

ranaweera82

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Prospects are now available.For me it seems Kalpitiya is best.

http://www.cse.lk/270808/pdf/21_11_2011_Cit_Pros.pdf

http://www.cse.lk/270808/pdf/21_11_2011_Cit_Kal_Pros.pdf

ccsentha · 4 Re: Two citrus IPO's ? Mon Nov 21, 2011 10:45 pm

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but according to the current trend buying off IPO seems a lot cheaper, isn't it??

TFIL is in 18s now........

WildBear · 5 Re: Two citrus IPO's ? Mon Nov 21, 2011 10:58 pm

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Both of them are long term play, It's like getting into a bus in the Vehicle park and waiting it to go; Mean time you will see many other buses passing you at a speed.

ranaweera82 · 6 Re: Two citrus IPO's ? Mon Nov 21, 2011 11:06 pm

ranaweera82

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Yes 100 % true.With this trend definitely it is always better to go for OFF IPO.I have observed the price variation pattern of reef for last few months.Therefore i guess even in the short term there can be potential benefits. Rolling Eyes

sapumal · 7 Re: Two citrus IPO's ? Tue Nov 22, 2011 10:44 am

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1 Income Tax ( Amendments to the Inland Revenue Act No 10 of 2006)

1.1 Exemptions/ Taxation at concessionary rates

1.1.1 Exemption under Section 16 C

The present tax holiday regime stipulated in Section 16C of the Inland Revenue Act
applicable in relation to manufacture of any product will be extended to new
enterprises engaged in any of the following activities as well, provided that the
investment is made on or before 31st March 2015.

x. Tourism

1.1.2Investment Limits (for New Enterprises)

1.1.2.3 Large scale enterprises engaged in specified activities including any processing and solid waste management will be eligible for tax holiday as specified in section 17A. The period of tax holiday depending on the size of investment is as follows:

Rs 1,500 mn - Rs. 2,500 mn 10 years

Last edited by sapumal on Tue Nov 22, 2011 1:08 pm; edited 1 time in total

chucks · 8 Re: Two citrus IPO's ? Tue Nov 22, 2011 11:56 am

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What about Asia Asset Finance Ltd??? Question

WildBear · 9 Re: Two citrus IPO's ? Tue Nov 22, 2011 3:04 pm

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With Listing of subsidiaries, REEF will be more attractive once the hotel projects are completed.Finally they are going to own more than 500 hotel rooms.